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Instituto de Crédito Oficial (ICO)Spain
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Created on: 2017-02-13 10:30:54
Last update: 2021-10-12 00:00:00

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Instituto de Crédit Oficial's head office in Madrid. Photo: FDV via Wikimedia Commons (CC BY-SA 3.0)

About Instituto de Crédito Oficial (ICO)

The Instituto de Crédito Oficial (ICO) is a Spanish state-owned bank attached to the Ministry of Economic Affairs, Industry and Competitiveness via the State Secretariat for Economy and Enterprise Support. It has two functions: one as a credit institution and second as the State Financial Agency. The ICO Group also consists of Axis, a venture capital firm, and the Fundación ICO. ICO signed the Equator Principles in September 2016. BankTrack profiled this financial institution as part of our Tracking the Equator Principles campaign.

Website https://www.ico.es/en/web/ico_en/home
Headquarters
Paseo del Prado 4
28014 Madrid
Spain
CEO/chair José Carlos Garcia de Quevedo
Chairman
Supervisor
Banco de España
Annual report Annual integrated report 2020
Ownership

The Instituto de Credito Oficial is a public organisation and as such wholly owned by the Spanish state.

Complaints and grievances

ICO does not operate a complaints or grievances channel for individuals or communities who might have affected by its finance.

Stakeholders may raise complaints via the OECD National Contact Points (guidance OECD Watch).

Related Dodgy Deals

Instituto De Crédito Oficial (ICO) has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Dodgy Deals map

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Active profiles
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On record profiles

Policy Assessments

Tracking the Equator Principles

EPFIs reporting status

BankLast update
Country
Reporting period
PF deals under EP
Project names reported
% Project names reported
Details
Instituto de Credito Oficial
2022-03-15
ESP
2020
5
5
100
1.01000000006E+38
0
Spain
Profile
Reporting period
2020
PF deals under EP
5
Project names reported
5
% Project names reported
100
20220315
Last update: 2022-03-15
Explanation

EP reporting page: https://equator-principles.com/reporting-instituto-de-credito-oficial-ico-2019/

Explanation

Project name reporting status of Equator Principles signatories for each financial institutions' most recent reporting period. Where there is no percentage presented the EPFI has not reported having financed any project transactions in that reporting period. 

For more details see this page.

News

| |
Type:
Year:
blog
external news
our news

New report exposes billions in European financial support to companies in illegal Israeli settlements

2021-09-29 | Don't Buy Into Occupation
blog
external news
our news

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
blog
external news
our news

Equator Principles: New BankTrack database sheds light on patchy project name reporting

BankTrack publishes database of Equator-financed projects, together with analysis showing some banks report few or no project names – notable poor performers include ING, HSBC and Lloyds
2020-06-29 | BankTrack
blog
external news
our news

The Nauru files: cache of 2,000 leaked reports reveal scale of abuse of children in Australian offshore detention

2016-08-10 | The Guardian
blog
external news
our news

Human rights groups call out the financial sector's association with abuse

2016-07-27 | Sydney | Get up ! Human Rights Law Centre

Documents

Type:
Year:
annual reports
2021-06-15 00:00:00

Annual integrated report 2020

2021-06-15 00:00:00 | ICO
annual reports
2020-10-22 00:00:00

Annual integrated report 2019

2020-10-22 00:00:00 | ICO
csr policies
2020-10-22 00:00:00

Sustainability policy

2020-10-22 00:00:00 | ICO
csr policies
2019-10-28 00:00:00

Environmental policy

2019-10-28 00:00:00 | ICO
annual reports
2019-07-31 00:00:00

Annual integrated report 2018

2019-07-31 00:00:00 | Instituto de Crédito Oficial
annual reports
2018-03-31 00:00:00

Annual integrated report 2017

2018-03-31 00:00:00 | ICO
annual reports
2017-03-31 00:00:00

Annual integrated report 2016

2017-03-31 00:00:00 | ICO
csr policies
2017-03-13 00:00:00

Corporate social responsibility policy

2017-03-13 00:00:00 | ICO
ngo documents
2016-07-31 00:00:00

Association with abuse

2016-07-31 00:00:00 | Get up! Human rights Law Centre
annual reports
2016-03-31 00:00:00

Annual report 2015

2016-03-31 00:00:00 | Instituto de Credito Oficial
annual reports
2016-03-31 00:00:00

CSR Report 2015

2016-03-31 00:00:00 | Instituto de Credito Oficial
annual reports
2015-12-31 00:00:00

Corporate Governance Report 2015

2015-12-31 00:00:00 | ICO
csr policies
2015-12-31 00:00:00

Code of Ethics and Conduct

2015-12-31 00:00:00 | ICO

Policies

Voluntary standards

Instituto de Crédito Oficial (ICO) has committed itself to the following voluntary standards:
  • Equator Principles
  • United Nations Global Compact

Investment policies

ICO's webpage on corporate social responsibility can be accessed here.

Year:
csr policies
2020-10-22 00:00:00

Sustainability policy

2020-10-22 00:00:00 | ICO
csr policies
2019-10-28 00:00:00

Environmental policy

2019-10-28 00:00:00 | ICO
csr policies
2017-03-13 00:00:00

Corporate social responsibility policy

2017-03-13 00:00:00 | ICO
csr policies
2015-12-31 00:00:00

Code of Ethics and Conduct

2015-12-31 00:00:00 | ICO

Equator Principles

Implementation and reporting

Contact and complaints

Good moves

Year:
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